we hosted an amazing AMA with Kurtswap on the 13th of October
And here we will put some of the best questions:
Q1. Can you introduce yourself to our community?
My name is Baris. I’m CEO of kurtswap Decentralized Exchange. I have more than 7 years of experience in the industry of Blockchain.
Q2. Can you briefly tell us what is Kurt Swap ?
KurtSwap is a decentralized platform for spot and futures trading. You can trade any BEP-20 tokens on Binance Smart Chain. It eliminates trusted intermediaries and unnecessary forms of rent extraction, allowing for fast, efficient trading. Kurtswap will be open-source under GPL license.
Q3. Let’s now talk about the milestones you have achieved so far and about your upcoming plans?
We want to introduce our Decentralized Exchange where people can easily trade-in the spot and future with 5x Leverage.
In our platform People also earn by staking KSWAP coins on the platform and earn high APR.
Q4. Every project has a story behind their name, Can you tell us more about the story behind this? Who are the team behind this project? can tell us their background?
Basically i’m from turkey and I love animals. My favorite Animal is wolf. In the Turkish language, wolf is known as Kurt. So we decided Kurtswap name for our platform.
Q5. NFT is one of the hottest and most sought-after topics in the blockchain space right now. Can you share your opinion on NFT with us? Do you think NFT will disrupt the current financial system? What is KurtSwap’s approach to the NFT sector?
No, currently we don’t have any plan to go in the NFT market. But maybe in future, we’ll touch NFT market.
And here we will put best questions from our members and Kurtswap fans:
Q1) STAKING is very important for every project to attract users. So does KurtSwap have staking program? If yes, how can we stake your token? Is these any requirement for users?
Yes in every Decentralized exchange sraking is the main feature. So we’ll also add a staking feature in our Platform with high APR. So people stake their coins and earn good rewards.
We’ll launch our project in Jan 2022.
Q2) Binance smart Chain blockchain is having high transaction speed and cheap gas fees, Are you planning to launch your mainet or switch to other blockchains in the future?
Yes, we decided to launch our coin on Binance smart chain Blockchain because of high transaction speed. We don’t have plan to switch to other blockchains.
Q3) With a fixed supply of 1 million tokens, and only 200,000 in circulation, are you sure the $KSWAP token will increase in value overtime? Do you have a Token Burning or buyback system, to increase Token value and attract more Investors?
For correction, i’m going to send our tokenomics.
— Name: Kurt Swap
— Symbol: KSWAP
— Token Blockchain: BEP-20
— Total Supply: 5,000,000 KSWAP
— 2,500,000 will be Locked for Community
— 1,250,000 tokens will be distributed over pre and private sale
— 250,000 tokens will be reserved for Airdrop.
— 500,000 tokens will be used as liquidity to DEX listings on pancake
— 250,000 tokens will be reserved for marketing campaigns.
— 250,000 tokens will be for the KurtSwap team that will be locked for 18 months.
One of the unique characteristics of KSWAP tokens is deflation with 0.05 percent of spot transaction fee and three percent of profit made in futures trade will be used to buy back and burn tokens
this means the more the platform is used the more tokens are burnt. Which increases the price of KSWAP tokens by 30 times with in a year.
Q4) Reading your Medium that KurtSwap plans to set up a shopping center for the sale of items such as cat characters, NFTs, and real goods. Can you tell me about KurtSwap shopping mall? What do you expect from this shopping mall? and how will this benefit your Project and Community?
We don’t have any shopping centers or any shopping malls.
Q5) I read you have the Lottery Feature in product application. Can you tell more details about your Lottery Feature? Will the Lottery be played once a week? And how much does it cost to enter your Lottery?
Yes, we have a lottery feature on our platform. About the lottery, we’ll announce it soon on our telegram and Twitter.
Q6) Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?
Total supply 10m tokens. Our tokenomics will be available closer to the date of the respective events
Q7) Every day Many projects are launching and they promise growth but after some time they just vanish away!!
So How you will sustain yourself in this very competitive environment of cryptocurrency?
We are constantly developing and upgrading our contracts and bundles. And as long as they generate a competitive income, people will use them. Easy.
Q8) How strong is your team? Many projects starts with good impression and later abandoned the project. What makes your project different than others?
We must admit that the core of our team is perfect. Our CEO has vast experience in the areas of business building, launching startups and venture capital investments and, as a result, a huge number of business connections, which is very useful for a new project. Our CTO, Andy, has 12 years of IT experience. He is an experienced Senior Software Developer, ambitious and well-organized architect, specialized in delivering large-scale systems. Thanks to him, any ideas are quickly implemented technically. As for me…I already told at the beginning 😁
The main reason why the project will not be abandoned is that we originally created it for ourselves, and after that we decided to offer it to the community.
Q9) NFT is really a hot topic in the cryptocurrency market now. So how is your project planning to develop NFT then how is your project planning to integrate it with DeFi
No, thanks 😁
We are the different type of apes 😁 At least until liquidity appears on the NFT market.
However our ambassador program assumes NFT badges as well
Q10) Do you have a community for NoN “English” speakers and are you a global project or not? Any Ambassador program plans available for different countries?
Right now we are running an ambassador program and we will be glad to have your participation, including the creation of unofficial non-English communities.
And this was the end of our AMA with Kurtswap.
If you have any other questions you can ask here:
ℹ️ℹ️ Useful links ℹ️ℹ️
Website :- https://kurtswap.finance/
Medium :- https://kurtswap.medium.com/
Twitter :- https://twitter.com/KurtSwap